PANews reported on November 2 that the Tongliang District People's Court of Chongqing Municipality recently concluded a case of helping criminals transfer funds overseas, involving an amount of more than 2.25 billion yuan and a cumulative profit of more than 22.62 million yuan, and 21 people were sentenced.

It is reported that the defendant collected USDT converted into criminal proceeds such as online fraud and online gambling by upstream criminals through offline bitpie collection wallets, etc., and then sold them on the virtual currency online trading platform. Under the pretext of withdrawing project funds and migrant workers' wages, gang members were organized to withdraw cash at the counters of banks in Chongqing, Sichuan, Shanghai, and other provinces and cities, and delivered cash to the targets designated by the previous family, with cash ranging from 10 million yuan to tens of millions of yuan each time.